$1,089,000
SOLD MAY 21, 2021
-- Bed
-- Bath
1,716 Sq Ft
4,000 Sq Ft Lot

Recently Sold

$635 Per Sq Ft

1% Below List Price

17 Days on Market

Highlights

  • Water Oriented
  • Oceanside
  • Deck
  • Beach Haven School Rated A-
  • Coastal Architecture
  • Wood Flooring

About This Home

As of May 2021

It's my pleasure to present LBI's newest listing - 132 East 5th Street in the heart of Beach Haven! This ocean side property is a 2 family/duplex. The units are positioned front to back. Each unit has 3 bedrooms and 1.5 baths. Its been a rental generator for years. Each unit is currently on the rental market for $1900 per week in peak summer weeks. This property is located in the Historic Zone of Beach Haven. Approval is required from the Historical Society for any changes. As per Beach Haven Borough this is currently a 2 family home and can only be rebuilt as a 1 family home. The second floor is a large room. This property is located on a corner and the lot is 40 x 100. The 5th Street beach entrance has a beautiful pavilion! Inspections are welcome, but this property is being sold in as is condition. The seller will obtain the certificate of occupancy.

Last Agent to Sell the Property

Patrick Pietrefesa

BHHS Zack Shore REALTORS License #0123411 Listed on: 03/06/2021

BHHS Zack Shore REALTORS

Last Buyer's Agent

Robert Romanowski

The Van Dyk Group - Long Beach Island

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,746

Year Built

  • Built in 1954

Lot Details

  • 4,000 Sq Ft Lot
  • Lot Dimensions are 40.00 x 100.00
  • Landscaped
  • Corner Lot
  • Back and Front Yard
  • Property is in good condition

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Coastal Architecture
  • Side-by-Side
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,716 Sq Ft Home
  • Recessed Lighting
  • Double Hung Windows
  • Combination Kitchen and Dining Room
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • <<builtInMicrowave>>

Flooring

  • Wood
  • Laminate

Laundry

  • Electric Dryer
  • Washer

Home Security

  • Storm Windows
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Accessible Home Design

  • More Than Two Accessible Exits

Outdoor Features

  • Outdoor Shower
  • Water Oriented
  • Oceanside
  • Deck
  • Patio
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Cooling System Utilizes Natural Gas
  • Water Dispenser
  • Natural Gas Water Heater
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units
  • 2-Story Building
  • Building Winterized
  • Beach Haven Subdivision

Listing and Financial Details

  • Tax Lot 00002
  • Assessor Parcel Number 04-00174-00002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,746

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Coastal, Side-By-Side
  • Accessibility Features: 2+ Access Exits
  • Ownership: Fee Simple
  • Home Warranty: No
  • New Construction: No
  • Year Built: 1954
  • Automatically Close On Close Date: No
  • Building Winterized: Yes
  • Remarks Public: It's my pleasure to present LBI's newest listing - 132 East 5th Street in the heart of Beach Haven! This ocean side property is a 2 family/duplex. The units are positioned front to back. Each unit has 3 bedrooms and 1.5 baths. Its been a rental generator for years. Each unit is currently on the rental market for $1900 per week in peak summer weeks. This property is located in the Historic Zone of Beach Haven. Approval is required from the Historical Society for any changes. As per Beach Haven Borough this is currently a 2 family home and can only be rebuilt as a 1 family home. The second floor is a large room. This property is located on a corner and the lot is 40 x 100. The 5th Street beach entrance has a beautiful pavilion! Inspections are welcome, but this property is being sold in as is condition. The seller will obtain the certificate of occupancy.
  • Special Features: None

Interior Features

  • Appliances: Built-In Microwave, Dryer - Electric, Oven - Single, Oven/Range - Gas, Refrigerator, Washer, Water Dispenser
  • Flooring Type: Laminated
  • Interior Amenities: Breakfast Area, Combination Kitchen/Dining, Dining Area, Kitchen - Eat-In, Recessed Lighting, Window Treatments, Wood Floors
  • Window Features: Double Hung, Storm
  • Fireplace: No
  • Foundation Details: Crawl Space
  • Basement: No
  • Total Sq Ft: 1716
  • Living Area Sq Ft: 1716
  • Price Per Sq Ft: 640.44
  • Above Grade Finished Sq Ft: 1716
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 132

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Exterior Features: Outside Shower
  • Roof: Shingle
  • Spa: No
  • Water Access: No
  • Water Body Type: Ocean
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Natural Gas
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Phone Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA: No
  • Association Recreation Fee: No

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 124200.00
  • Land Assessed Value: 656000.00
  • Lot Features: Corner, Front Yard, Landscaping, Rear Yard
  • Lot Size Acres: 0.09
  • Lot Dimensions: 40.00 x 100.00
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4000.00
  • Outdoor Living Structures: Deck(s), Patio(s), Porch(es)
  • Property Condition: Good
  • Year Assessed: 2020
  • Zoning: RNA

Rental Info

  • Ground Rent Exists: No
  • Units Furnished: All
  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 2829932
  • Tax Annual Amount: 8746.00
  • Assessor Parcel Number: 04-00174-00002
  • Tax Lot: 00002
  • Tax Total Finished Sq Ft: 1716
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 05/21/2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2025
Sold by
Priece Daniel and Priece Abigail
Bought by
Phyllis Sousa Living Trust
Current Estimated Value
$1,584,219

Purchase Details

Listed on
Mar 6, 2021
Closed on
May 24, 2021
Sold by
Purewal Harinder S and Purewal Amarpal
Bought by
Priece Abigail and Priece Daniel
Seller's Agent
Patrick Pietrefesa
BHHS Zack Shore REALTORS
Buyer's Agent
Robert Romanowski
The Van Dyk Group - Long Beach Island
List Price
$1,099,000
Sold Price
$1,089,000
Premium/Discount to List
-$10,000
-0.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.79%
Original Mortgage
$816,750
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 14, 2003
Sold by
Swenson Regina M
Bought by
Purewal Harinder S and Purewal Amarpal

Purchase Details

Closed on
Apr 15, 1994
Sold by
Gomer Gerald S
Bought by
Swenson Regin M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.6%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $1,500,000 Surety Title
Deed $1,500,000 Surety Title
Deed $1,089,000 American Abstract Agency Llc
Deed $540,000 --
Deed $150,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $816,750 New Conventional
Previous Owner $150,000 Unknown
Previous Owner $120,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $1,089,000 -0.9% $635 / Sq Ft
03/06/2021 03/06/21 For Sale $1,099,000 -- $640 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $9,448 $780,200 $656,000 $124,200
2023 $8,777 $780,200 $656,000 $124,200
2022 $8,777 $780,200 $656,000 $124,200
2021 $8,559 $780,200 $656,000 $124,200
2020 $8,746 $780,200 $656,000 $124,200
2019 $8,496 $780,200 $656,000 $124,200
2018 $8,793 $780,200 $656,000 $124,200
2017 $8,395 $780,200 $656,000 $124,200
2016 $7,939 $598,700 $517,500 $81,200
2015 $7,598 $598,700 $517,500 $81,200
2014 $7,184 $598,700 $517,500 $81,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: NJOC407698

Bright MLS

APN: 04-00174-0000-00002